Breed s Hill Capital LLC Buys New Stake in The Home Depot, Inc. (NYSE:HD)

Breed s Hill Capital LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,571 shares of the home improvement retailer's stock, valued at approximately $611,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HD. Norges Bank purchased a new stake in Home Depot during the fourth quarter worth $5,032,910,000. Raymond James Financial Inc. purchased a new stake in Home Depot during the fourth quarter worth $2,212,546,000. Proficio Capital Partners LLC boosted its position in Home Depot by 21,394.9% during the fourth quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock worth $793,486,000 after purchasing an additional 2,030,372 shares in the last quarter. Northern Trust Corp boosted its position in Home Depot by 13.3% during the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock worth $4,726,186,000 after purchasing an additional 1,424,857 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new stake in Home Depot during the fourth quarter worth $471,189,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In related news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president now directly owns 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company's stock.

Home Depot Stock Up 2.0%

HD traded up $7.25 on Tuesday, reaching $369.96. The company's stock had a trading volume of 3,981,684 shares, compared to its average volume of 3,433,877. The stock has a market cap of $367.75 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The business's 50 day moving average is $360.09 and its 200 day moving average is $386.81.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same period in the prior year, the company posted $3.63 EPS. The company's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Thursday, June 5th. Home Depot's payout ratio is 62.42%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HD shares. Gordon Haskett boosted their price target on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and boosted their price target for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a report on Tuesday, May 20th. Evercore ISI set a $400.00 price target on Home Depot and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $415.00 target price (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and a consensus target price of $426.77.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.